Amount of Loan
Need based finance subject: – to repaying capacity of the parents / students with ceiling – Maximum Rs. 10 Lacs.

Margin
Up to 4 Lac – 5%
Above 4 Lac to 10 Lac – 15%

​Co-applicant
The Co-applicant can be parents or spouse.

​Security
Collateral Security Land / Building / NSC, KVP and FDR of Bank.

Repayment Period
5 Years to 7 years including moratorium period. Repayment ​holiday/moratorium would be for the course of 1 year or 6 months after the student gets a job/start earning whichever is earlier.

Documents

​Application duly filled, two photographs

​Letter of admission from the Institute.

Letter from the Institute stating cost break up of the programme (Term wise-Year wise)

​Income documents of the Co applicant (pay Slip) Copy of Income Tax Return for the last three Years.

​Declaration/Affidavit/Confirming that no loan has been availed from other Bank/Institution.

​Detail of Assets & Liability of Co applicant and Guarantor.

​In case of Loan is to be collaterally secured by mortgage of Property – Copy of title deed, Legal opinion, valuation report from the approved valuer, Non-Encumbrance certificate verification report by the Branch Manager.